516, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 516, Elite Downtown Residence
What is 516 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,628 sqft
- Floor
- 5th of 23
- Parking
- M-50
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,400 /yr
- Last sold
- AED 2.95M · September 2023
- Building
- Elite Downtown Residence
About 516, Elite Downtown Residence
516 is a two-bedroom apartment of 1,628 sqft on the 5th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 12 September 2023 for AED 2,947,680, or AED 1,810 per sqft, in line with the AED 1,810 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 516 over time
516 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Downtown Residence, and where 516 sits
All 68 2-beds →516 last sold in September 2023 at AED 1,810 per sqft, in line with what two-beds in Elite Downtown Residence were fetching at the time (AED 1,810). Over the last 12 months two-beds sold for AED 1,250,000, around AED 1,830 per sqft, and rent for AED 155,000 to 220,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 683 sqft | 1,250,000 | 1,830 | ||
| 14 Feb 202514 February 2025 | 1,760 sqft | 2,924,000 | 1,661 | ||
| 30 Jan 202530 January 2025 | 1,760 sqft | 2,400,000 | 1,363 | ||
| 11 Nov 202411 November 2024 | 1,760 sqft | 2,900,000 | 1,647 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 9 sold in the last 12 months.
- Typical price per sqft
- AED 2,309
- Typical sale
- AED 1.2M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 5th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 821 sqft | AED 1.9MAED 1,900,000 · May 2022May 2022 | ||
| 502 | 1-bed | 806 sqft | AED 2.32MAED 2,317,100 · May 2022May 2022 | ||
| 503 | Studio | 495 sqft | AED 1.06MAED 1,059,100 · Apr 2022April 2022 | ||
| 504 | 3-bed | 1,616 sqft | AED 3.7MAED 3,700,000 · Dec 2022December 2022 | ||
| 505 | 2-bed | 1,363 sqft | AED 2.3MAED 2,300,000 · Dec 2022December 2022 | ||
| 506 | Studio | 536 sqft | AED 931KAED 931,000 · May 2022May 2022 | ||
| 507 | Studio | 531 sqft | AED 950KAED 950,000 · May 2022May 2022 | 120,000 /yr | |
| 508 | Studio | 516 sqft | AED 941KAED 940,500 · Jun 2022June 2022 | ||
| 509 | 1-bed | 1,002 sqft | AED 1.22MAED 1,217,130 · Apr 2022April 2022 | 130,000 /yr | |
| 510 | 1-bed | 1,003 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 511 | Studio | 524 sqft | AED 1.1MAED 1,100,000 · Nov 2023November 2023 | ||
| 512 | Studio | 531 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 72,000 /yr | |
| 513 | Studio | 541 sqft | AED 790KAED 790,000 · Aug 2022August 2022 | 70,000 /yr | |
| 514 | 2-bed | 1,760 sqft | AED 2.2MAED 2,198,300 · May 2022May 2022 | 155,000 /yr | |
| 515 | 433 sqft | AED 1.16MAED 1,160,000 · Oct 2025October 2025 | 52,000 /yr | ||
| 517 | 524 sqft | AED 1.05MAED 1,050,000 · Aug 2025August 2025 | 65,000 /yr | ||
| 518 | 1-bed | 807 sqft | AED 1.23MAED 1,228,845 · Feb 2022February 2022 | 145,000 /yr | |
| 519 | 1-bed | 807 sqft | AED 1.46MAED 1,455,000 · May 2022May 2022 | 113,000 /yr | |
| 520 | Studio | 526 sqft | AED 750KAED 750,000 · Dec 2021December 2021 | 75,000 /yr |
516, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 12 September 2023 for AED 2,947,680, or AED 1,810 per sqft.
- Two-beds in Elite Downtown Residence sold for AED 1,250,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,309 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 12 September 2023.
Questions about 516, Elite Downtown Residence
What did unit 516 last sell for?
AED 2,947,680 on 12 September 2023, sold by the developer: AED 1,810 per sqft for 1,628 sqft. It is the only registered sale of the unit.
How big is unit 516?
1,628 sqft (151.2 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower completed in 2022.
What is unit 516 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Downtown Residence sold for AED 1,250,000 to 1,250,000 in the last 12 months, around AED 1,830 per sqft.
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Mortgage on 516, Elite Downtown Residence
Starts from the last sale price (AED 2.95M, 12 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,947,680
- Deposit, UAE resident (20%)
- AED 589,536
- Deposit, non-resident (40%)
- AED 1,179,072
- Monthly over 25 years at 3.7%
- AED 12,060
Plus AED 128,812 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →